The Federal Reserve System has received applications from individuals who aim to acquire or retain control of shares in certain banks or bank holding companies. The public can view these applications at specific Federal Reserve Banks and submit comments by January 21, 2025. Comments are publicly disclosed and must not include confidential information. Specific applications include one from Stephen J. Lee to manage shares in Bastrop Bancshares, Inc., and another from Charles Diesing to acquire more shares in Liberty Northwest Bancorp, Inc.
Simple Explanation
The Federal Reserve System is letting people know that a few individuals want to buy or control more shares in certain banks. People have until January 21, 2025, to say what they think about this, but they must be careful not to share any secret information.